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Singapore Savings Bonds (SBDEC18 GX18120X) Over-Subscribed
28 Nov 2018
SBDEC18 attracted $311.5M in applications (within limits) for the $300.0M offered. This level of demand is higher than that of the previous issue (SBNOV18) at $269.2M.
The quantity ceiling is $74,000. If you applied for $74,000 or lower, you will get a full allotment. If you applied for more than $74,000, you will be allotted $74,000 or $74,500, subject to individual limit of $100,000.
SBDEC18 has a 10-year average return of 2.57% p.a. with interest rates from 1.89% (year 1) to 3.04% (year 10). If you invest $10,000 in this SSB, you will earn a total interest of $2,590.96 over a period of 10 years.
SBDEC18 (Announced)
- Opening Date
- 01 Nov 2018 Notify me
- Closing Date
- 27 Nov 2018 Remind me
- Allotment Date
- 28 Nov 2018 Notify me
- Issue Date
- 03 Dec 2018
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 1.89 | 2.19 | 2.38 | 2.54 | 2.66 | 2.73 | 2.77 | 2.82 | 2.90 | 3.04 |
| Average return per year % | 1.89 | 2.04 | 2.15 | 2.24 | 2.32 | 2.39 | 2.44 | 2.48 | 2.52 | 2.57 |
Issue Details
- Issue Code
- GX18120X
- Amount Offered
- $300,000,000
- Maturity Date
- 01 Dec 2028
- Interest Payment Dates
- Every 6 months on 01 Jun and 01 Dec
- Total Amount Applied
- $320,872,000
- Total Amount Applied Within Limits
- $311,465,000
- Total Amount Allotted
- $300,000,000
- Quantity Ceiling
- $74,000
- Percentage of Applicants Allotted an Additional $500
- 11%